1. Mr. Anil started business with cash Rs. 75.000 on 1 January 2018. The details of business transactions for the month of January are as follows. Prepare Journal 2019 2 Jan 02 Cash Sales 10.000 05 Goods Purchases for Cash 12.000 07 Goods sold on credit to Rahim 20.000 08 Sale of Goods 20.000 5.000 09 Wages Paid 3 8.000 10 Cash Deposited into bank 6.000 13 Cash paid to Mahesh 12.000 15 Machinery purchased for cash 5.000 18 Purchased goods from Anitha 3.000 20 Cash received from Mrs. Ramya 1.500 22 Paid commission 1,500
Answers
Answered by
0
How to prepare Journal Entries in Accounting
First read and understand the transaction clearly. Find out which account is to be debited and credited, and after this you can enter journal entry.
After entering the journal entry, write down the summary description (narration) for both debit and credit transactions.
I GAVE RELEVANT ANSWER
PLS MARK AS BRAINLIEST
THANKS THIS ANSWER BY GIVING HEART OPTION ❤️❤️ PLS ❤️❤️
GIVE ATLEAST 5 STARS ⭐⭐⭐⭐⭐
FOLLOW ME FOR YOUR MORE DOUBT SOLVING OF ALL SUBJECT ❤️⭐ PLS
HAVE A GREAT DAY AHEAD THANKS FOR READING ❤️
Similar questions